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2020 R.R.D.E. 39 (2020)
The Peculiarities of Applying Corrective Measures in the Field of Data Protection, to Operators in the Financial Sector

handle is hein.journals/rianrwioe2020 and id is 39 raw text is: 

Particularitaile aplicarii m-surilor corective

in   domeniu[ proteciei datelor,

operatorilor din sectorut financiar

Dr.  Irina  ALEXEN11

Prof.  univ.  dr. Daniel-Mihail  ANDRUI2I


             The processing  of personal data in the field of financial services implies the
             understanding of an entire ecosystem. From the relationship between the European
             Central Bank and the national / central banks and then the relationship between
             those and commercial  banks, until the creation of risk protection instruments,
             including by outlining customers the General Data  Protection Regulation and
             the Regulation  2018/1725, respectively. All these are aiming at contributing
             to the smooth  operation  and security of data. Due to the fact that both the
             banking system  and the insurance field are considered elements of the essential
             infrastructure, being essential service operators, the provisions of the NIS Directive
             are applicable, which leads to a greater focus on the computer and physical security
             of data. The Romanian national data protection authority has applied corrective
             measures and even sanctions to the operators in the reference fields analysed here,
             banking and insurance, these probably having not only the mathematical effect
             of the payment  of fines or the implementation of procedures or the obligation
             to follow some demands  as well as image impact, the news being taken over by
             both the business media and general online publications. The courts are still at the
             beginning and important decisions are still awaited, perhaps even at the level of
             the Court of Justice of the European Union.

             The corrective measures ordered so far by the Romanian data protection authority
             are analysed both with regard to the measures  for the implementation of the
             General Data  Protection Regulation and with regard to the reasoning structure
N Cercetator stiintific asociat la Institutul de Cercetari Juridice ,Acad. Andrei RAdulescu al Academiei Romane. Autor al
unor volume si articole in domeniu, arile sale de interes vizeaza dreptul administrativ, dreptul constitutional si dreptul
european. Poate fi contactata la adresa irina_alexe@yahoo.com
[ Daniel-Mihail Sandru a fondat si coordoneaza Centrul de Studii de Drept European al Institutului de Cercetari Juridice
,Acad. Andrei RAdulescu al Academiei Romane. Profesor universitar la Universitatea Cresting Dimitrie Cantemir
si Universitatea din Bucuresti. Poate fi contactat la adresa mihai.sandru@csde.ro Pagina web: www.mihaisandru.ro
Materialul a fost pregAtit pentru cea de-a patra Conferinta europeana a serviciilor financiare (European Conference
on Financial Services - ECFS 2020) - Noua arhitectura a serviciilor financiare - inovatie si excelentA, 5-6 martie 2020,
Brasov, organizata de Institutul de Studii Financiare si de Centrul de Arbitraj si Mediere in Asigurari (ACAMA). Trimiterile
web au fost verificate sau/si accesate ultima data la 5 februarie 2020.


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